Jan 13, 2013 8:00am PST
on the economy or jobs. we have been very reactive to what is happening in the headlines, not atippal for a second president. but it is the soft under belly of the obama presidency. at then of the second sterl, if this chidoesn't turn around and unemploint ployment doesn't come down, the obama agenda will be a failure. they are making a huge mistake, trying to beat up on rich people, businesses and small businesses and raise taxes. the result of the policies, eric, is that unemployment will continue to stay high and poverty rates will continue to skyrocket. when you beat up on the rich, you create more poor and you make your budget problem worse because there are more people on welfare than there were before president obama came to office. >> what happened if there were more people on welfare and if the unemployment rate doesn't go down? >> that has to be the primary focus needs to be. there are two major challenges right now. first, this economy is focused for liftoff. in the corporate world, we are at the highest profit levels we have been since world war two. their productivity is
Jan 19, 2013 1:00pm PST
attached to it. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are we here again? >> you have to wonder. i point you back to november the conditions haven't changed all that much in two months. i would imagine that those exact numbers were the same on election day, and the american people not only re-elected the president but gave us the same senate in the house as we had before. so as much as they are saying economy isn't going well, when they had an opportunity to change things they voted for more of the same. >> heather: you mentioned congress, finally two polls dealing with that. first since president obama was re-elected, 30% think he has been more bipartisan in working with congressional republicans, 55% the majority says he has been more confrontational? >> i think some of the number for confrontational they are saying that as a positive. certainly democrats want him to be more confro
Jan 19, 2013 3:00pm PST
from dipping into those plans, right? and however, you have a current economy with sluggish gdp growth, languishing employment market that just continues. so now people are going, i think that the "washington post" did a study that one in four people now have tapped into their retirement 401(k) plans in order to pay like you said, everyday expenses. one of the things to think about is, and i know arthel, this isn't the greatest thing, but maybe a second part-time job. maybe one thing rather than tapping into that, you can earn extra income if you have the ability to do that. another way to do this potentially is if you have a strong credit score and you have some equity in your home, you could take out a home equity line of credit and write off the interest payments. interest rates are very low at this current time. so you can take advantage of the fact that they are low when borrowing against your home, if you have equity in your home. it's a potential way to do this. arthel, it just goes to show you here, as this job market continues to struggle and unemployment rate remains high, th
Jan 20, 2013 1:00pm PST
reduction, measures to help the economy, energy, we have a stacked agenda here. i think urgency in the country to address this. >> there is only one guy that can lead in washington that can find a solution to big problems and that is the president. >> reporter: so bottom line is that the president is going to try to hit the big picture themes in the inaugural address tomorrow afternoon outside the west pointed of the capital and say some of thels that will divide both sides of issue. he will save that for state of the union address when he heads back to capitol hill. >> gregg: thanks very much. >> heather: frustration preparation is under way as washington gets welcome to hundreds of thousands of guests. carl cameron is at the national mall with more on that. >> the historic nature of inaugurating the first black african-american president is much different right now. it was a worldwide celebration and there were ten inaugural balls in washington, d.c. president and michelle obama went ball to ball in a big celebration. this time around, nations the challenges the country faces
Jan 13, 2013 1:00pm PST
in an effort to fight lower enrollment rates due to the bad economy. is this trend going to continue? joining us to talk about it is university maryland economist peter morris se789. half of the declines, why are more young are deciding to forgo college education? >> the cost have jumped a lot and the graduates can't find jobs. there is a sense that it doesn't pay out. you get set with a lot of big loans and join the service, learn a trade. go to a community college and skip university all together. >> gregg: president obama wants everybody to go to college? >> it doesn't pay out. most stated universities offer diplomas that don't lead to a marketable skill. there are too many graduates working at starbucks these days. >> gregg: "wall street journal" analyzed this way. take a look at this. facing stagnant family income, shaky job prospects and a smaller pool of high school graduates, more schools are reining in tuition costs. is it possible that some tuition costs may actually go down, or we simply talking about slowing the rate of increase? >> i think it's slowing the rate of increase. it's
Jan 13, 2013 9:00am PST
, calling jack lew a liar saying he testified about the president's policies and plans for the economy and said there is not going to be any more deficit. sessions said to me he lied to congress, there is no way he should be the treasury secretary. >> there are people who say things all the time in washington who make lots of noise about stuff. jeff is sessions is not one of those guys. >> shannon: he is very measured. >> a measured person and the ranking republ budget committee in the senate. when you start talking that way you can't walk that back. the way people talk about hagel they usually leave trap doors i want to hear him say the following things but you start to hear the unequivocal things about lew. jack lew was the negotiator seven ram times through the ongoing debacle that we call government finance and the republicans don't trust him and they dislike him and think he is is liberal and remember this the republicans are divided when it comes to defense. some are hawkish, some are more libertarian and looking to pull back. so the republicans are divided on that. they all thin
Jan 19, 2013 10:00am PST
hard options are and where to make the cuts so we can sustain our economy and channel some growth instead of going the opposite direction. >> well, i think it's just like any other budget that's out of whack. you first start where is the biggest potential area of savings? i would look at health care, i would look at the fact that in america, we spend one out of every $6 on health care. i think the government, you know, and this is not just me, you know, the congressional budget office, cbo-- >> when you're talking about health care, you're talking about medicaid, medicare, what other-- >> i'm talking about, a lot of the aspects, i think, that not only medicare and medicaid, i'm talking about looking at obamacare, i'm talking about looking at potential tort reform that might take some of the high lawsuits out of the equation. >> take the sting out of malpractice. >> yes, with still protecting people. i think the pharmaceutical companies, i mean, you know, my daughter went to the hospital and she was there for 40 minutes to see if she had a kidney stone and of course, it cost $4800.
Jan 20, 2013 12:00pm PST
. this is likely to be more subdued out of deference to the economy and national challenges faced by the u.s.a. and the new president there are metrics to show. four years ago there was about 2 million people that showed up. this time around, experts are predicting somewhere between 600,000 to 800,000 so it could be a third of the crowd four years ago. in addition these are not expensive activities trick when you consider he has taken the oath of office and in his second term but they will do in ceremony. last time around it cost $53 million and obama administration raised that money. a lot of money but that was pretty significant amount of cash. this time around, in order to raise something close to it. they changed the rules. no more limitation to private donors, they are using corporate money something that barack obama disdained but that is something he would like to steer clear of. $50,000 cap made it kept to small donors, they have blown that off, too. they are not likely to match the number four years ago, $40-50 million, another time the second time around enthusiasm tends to wane.